Another week, another cancelled sporting event as the Open Championship was due to tee off this weekend. However, this hasn’t dampened property prices surrounding the UK’s best-known golf courses, which come in 55% higher on average than the wider areas they are located.
The latest research by estate agent comparison site, GetAgent.co.uk, looked at current property prices surrounding 25 of the UK’s best-ranked and most prestigious golfing institutions and how they compared to the areas in which they are located.
The most impressive property scorecard is the Pennard course in Wales. Pennard’s SA3 postcode boasts an average property price of £373,633, which is a massive 155% more than the broader average for Swansea.
St Andrew’s in Fife is also home to a 150% premium between house prices surrounding the club and the area as a whole.
If you’re looking for a golfing property purchase in England, Woodhall Spa in East Lindsey is the place to go. House prices in the LN10 postcode are 121% higher than East Lindsey as a whole, with Aberdovey in Gwynedd also home to a local house price 113% higher than the wider area.
Property values surrounding the UK’s top golf courses all come in notably higher than the areas in which they are found, with just one exception.
House prices in the KA26 postcode in South Ayshire, home to Donald Trump’s Trump Turnberry golf course, average just £91,950. This is -31% lower than the wider average of £133,738 in the area and the only golf course to find the ruff where house prices are concerned.
Founder and CEO of GetAgent.co.uk, Colby Short, commented:
“An excellent golf course is one of those telltale signs of an affluent property market and will often draw buyers to the area, increasing demand and property prices as a result. Living within close proximity to a great course will also act as a strong selling point for buyers and help justify that higher asking price for sellers.
That is, of course, unless you live close to Trump Turnberry. Whether it’s a result of his ever-glowing public profile or purely coincidental, it’s the only course to see surrounding house prices slump below that of the wider area.”